PET Pharmaceutical Packaging Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the PET Pharmaceutical Packaging market is accounted for $14.36 billion in 2017 and is expected to reach $45.12 billion by 2026 growing at a CAGR of 13.6%.

Some of the factors such as increase in demand from food & beverage and pharmaceutical industry and rise in government policies are fuelling the market growth. However, high cost of packaging is hindering the market growth.

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PET is a type of plastics widely used in the healthcare industry due to its safety and quality standards. It is used for packaging of liquid oral drug formulations and is the most used a globally accepted form of plastic utilized in packaging for pediatric and geriatric drugs.

Based on material, aluminum foil segment is projected to have considerable market share during predicted period. Aluminium foil's supreme barrier properties, which can completely eliminate moisture, microorganisms, light, oxygen and other gases makes it a main material in the protective packaging of pharmaceuticals. By geography, Asia Pacific market is attributed to grow owing to rapid growth in the industrial use of PET in packaging and labelling applications in this region.

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Some of the key players in the PET Pharmaceutical Packaging market include Sappi Ltd, Nippon Paper Group, Inc, Nalco Holding Company, Mondi PLC., ITC Ltd., International Paper Company, Evonik Industries AG, DuPont (EI) de Nemours, Bayer AG, Akzo Nobel NV, Amcor Limited, Gerresheimer AG, Intrapac Group and Dunmore.

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Packaging Types Covered:
• Jars
• Bottles
• Pouches & Strip Packs
• Medical Specialty Bags
• Other Packaging Types

Materials Covered:
• Aluminum Foil
• Plastics/Polymers
• Paper & Paperboard

Sizes Covered:
• 50 ML
• 5 ML
• Other Sizes

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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Contact Info:
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Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929

Release ID: 413102